Maui Land & Pineapple Company, Inc. (NYSE: MLP) announced today that the
New York Stock Exchange (NYSE) has accepted the Company’s plan for
continued listing on the NYSE. As a result, the Company’s common stock
will continue to be listed on the NYSE, subject to quarterly reviews by
the NYSE to monitor the Company’s progress against the plan.

The NYSE notified the Company on October 23, 2012 that the Company had
fallen below the NYSE’s continued listing standards because its average
market capitalization was less than $50 million over a 30 trading-day
period and its most recently reported shareholders’ equity was less than
$50 million. With the acceptance of the plan, the Company has 18 months
from the original notification date in which to comply with the average
market capitalization standard, subject to its compliance with the
NYSE’s other continued listing requirements.

About Maui Land & Pineapple Company, Inc.

Maui Land & Pineapple Company, Inc. develops, sells, and manages
residential, resort, commercial, and industrial real estate. The Company
owns approximately 23,000 acres of land on Maui and manages properties,
utilities, and a nature preserve at the Kapalua Resort.